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Mar 18, 2013
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, so you have parking tax and property tax are the ones, so mta receives 80% of parking tax in lieu, and what that means is that the parking tax comes into the general fund and we give mta general fund money in the same dollar amount, so that amounts to 61 million dollars, similarly with the library, 2.5% of property tax, this is an additional 37 million, open space, 37 million, the children's fund of 44.7 million, the municipal symphony, 2 million, and then the hotel tax as we discussed earlier, 88 million that is then budgeted, 56 million of that is budgeted in the general fund. >> so, the open space fund is getting an additional 37 million this year, yes, this year? >> it is getting 37 million, it is not an additional, each year, it gets the percentage of property tax, 2.5% of property tax, so as property tax grows, the open space fund is lucky enough to grow with our largest growing general fund tax. >> got it. supervisor avalos? >> just a question on that, so we have the open space property tax set aside, 2.5% at 37.3 million, is there anything that protects overall funding with
, so you have parking tax and property tax are the ones, so mta receives 80% of parking tax in lieu, and what that means is that the parking tax comes into the general fund and we give mta general fund money in the same dollar amount, so that amounts to 61 million dollars, similarly with the library, 2.5% of property tax, this is an additional 37 million, open space, 37 million, the children's fund of 44.7 million, the municipal symphony, 2 million, and then the hotel tax as we discussed...
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Mar 18, 2013
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which is our largest overall local revenue source, though business taxes and our hotel and sales taxes are as growing over that time period. this slide highlights for you wla the projected growth rates are in the plan, so you can see, you know, stronger growth rates in the early first two years and more moderate projections in the subsequent years. on the expenditure side, our -- the city's expenditures are projected to increase by 1.1 billion dollars over the five year period, that's about 25% growth, and the largest share of that is our salary and fringe benefit costs which are growing we're projecting 460 million dollars, there are a number of citywide cost increase that is are assumed in this plan, things like fully funding our capital plan, our it plan and equipment costs, the plan also assumes that we fully fund inflation on grants as well as other non-personnel services, so that's all the contracts, grants, and other types of expenditures that are not staff costs. >> supervisor breed? >> yes, can you please explain what you mean by fully fund capital plan? >> happy to answer tha
which is our largest overall local revenue source, though business taxes and our hotel and sales taxes are as growing over that time period. this slide highlights for you wla the projected growth rates are in the plan, so you can see, you know, stronger growth rates in the early first two years and more moderate projections in the subsequent years. on the expenditure side, our -- the city's expenditures are projected to increase by 1.1 billion dollars over the five year period, that's about 25%...
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Mar 18, 2013
03/13
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remembering correctly, supervisor, so i believe the last time that the city was able to fund the hotel tax allocations at the level that the code recommends was fiscal year 2007-2008, so it's been a number of years that we have deferred that or captured that growth for the general fund, and you're also correct to say that the fiscal 13-14 budget that was adopted last year assumes that the growth in the hotel tax benefits the general fund, so that's already been -- the board last year made a choice to utilize those hotel tax resources for the general fund rather than allowing for growth. >> just for a point of clarification around the hotel tax legislation, how is the general fund able to absorb that increase separately from what's required according to the legislation based on the cap of what art entities receive? i know that it's not to decrease or increase, i think it's either 5 or 10 percent and anything above that can be captured by the general fund and so i'm trying to understand exactly how the general fund has been able to capture that without increasing those hotel tax recipients?
remembering correctly, supervisor, so i believe the last time that the city was able to fund the hotel tax allocations at the level that the code recommends was fiscal year 2007-2008, so it's been a number of years that we have deferred that or captured that growth for the general fund, and you're also correct to say that the fiscal 13-14 budget that was adopted last year assumes that the growth in the hotel tax benefits the general fund, so that's already been -- the board last year made a...
SFGTV: San Francisco Government Television
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Mar 18, 2013
03/13
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just as far as the tax credit, in our survey, 74% of the businesss did not know that the tax credit was there. there really is an education that needs to go on. a lot of people will argue that 50,000 average per employee is so low that a lot of businesses aren't going to qualify. i might also point out that currently for the current year as tangerine said in 2013 it will be 50%, but currently the credit that is available and has been available for a few years is 35%. so that is the current credit. and i think one of the things that you have until -- anybody knows if it's march 15 to file for that? >> yes. >> march 15th, you need to file for it for the year. the other thing is, as was mentioned, how is an individual going to comply? and it's going to be through the taxes that they pay. but i thought you might find it interesting to find out -- now this is for businesss with 50 or more employees. what does the need to do? what the business need to do is provide the name, address, tax information and whether it offers full-time or part-time employees. the monthly premium of the lowest cost
just as far as the tax credit, in our survey, 74% of the businesss did not know that the tax credit was there. there really is an education that needs to go on. a lot of people will argue that 50,000 average per employee is so low that a lot of businesses aren't going to qualify. i might also point out that currently for the current year as tangerine said in 2013 it will be 50%, but currently the credit that is available and has been available for a few years is 35%. so that is the current...
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Mar 18, 2013
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that's significant reductions in the transient occupancy tax, significant reduction in payroll tax. and those reductions are larger than the one-third reduction to overall expenditures partly derivative in large part by the number of sipped katz. greater numbers of syndicates leads to disproportionate increases in the transient occupancy tax as well as payroll taxes paid. ~ the retail taxes have also declined, but back out a third, same as decline in overall expenditures. we have a net decline of about $10 million projected in city revenues. >> so, just -- mr. eagan talked about a 6.1 increase, million dollar increase in hotel tax revenue. it would require a 7% increase in hotel tax over a three-month period. what is your response to that, which is a significant increase over a three-month period. do we expect during this time that's what we'll have for the america's cup event? >> my expectation for rev par is that it would see a significant bump. having in addition between 5 and 25,000 people in the city on a given day could lead to a vastly significant bump than we saw during the
that's significant reductions in the transient occupancy tax, significant reduction in payroll tax. and those reductions are larger than the one-third reduction to overall expenditures partly derivative in large part by the number of sipped katz. greater numbers of syndicates leads to disproportionate increases in the transient occupancy tax as well as payroll taxes paid. ~ the retail taxes have also declined, but back out a third, same as decline in overall expenditures. we have a net decline...
SFGTV: San Francisco Government Television
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Mar 23, 2013
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the sales tax is now bringing in about $800 million. so now i'm going to talk about those documents. the plan, i mentioned it named specific projects. basically what it does is it determines eligibility for funds and says project x can receive a make minimum of this much over a 30 year life of expenditure plan. there is a bunch of other requirements. up here on the screen you can see the eligible projects sponsors. in some cases projects come with a specific sponsor like the subway, the project, in cases we have projects like bicycle circulation and we have mta and cal trans and bart. one things i will note for the community is that unlike the predecessor program, the operators and if we have money on the table, the authority has more influences from in shaping those projects. within the expenditure plan, a number of requirements to which are their needs to be developed and adopted by the authority board. also for all of the programmatic categories. these are non-specific categories, circulation safety. each of those have developed a 5
the sales tax is now bringing in about $800 million. so now i'm going to talk about those documents. the plan, i mentioned it named specific projects. basically what it does is it determines eligibility for funds and says project x can receive a make minimum of this much over a 30 year life of expenditure plan. there is a bunch of other requirements. up here on the screen you can see the eligible projects sponsors. in some cases projects come with a specific sponsor like the subway, the...
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Mar 18, 2013
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it wasn't going to be money taken from the hotel tax or from other business taxes. that money goes to the general fund for city services. and if they're coming back saying that money is going into their -- to making up their bottom line, you should hold firm on that as well. thank you, supervisors. >> thank you very much. next speaker, please. >>> [speaker not understood]. >> you can submit into the record. you've already spoken. thank you. any other person member of the public who would like to comment on the fund-raising effort? if you don't come forward we will close public comment on both of these hearings. public comment is now closed. now i would like to move on to the fund-raising effort side of things. i believe mike martin will provide an overview and then followed by perhaps the controller ben rosenfield accounting for the effort so far. i believe there may be a presentation about the economic impact report that as well, i'm open to hearing that. [speaker not understood] i'd like to get into as well. why don't we go ahead with mr. martin. and just before y
it wasn't going to be money taken from the hotel tax or from other business taxes. that money goes to the general fund for city services. and if they're coming back saying that money is going into their -- to making up their bottom line, you should hold firm on that as well. thank you, supervisors. >> thank you very much. next speaker, please. >>> [speaker not understood]. >> you can submit into the record. you've already spoken. thank you. any other person member of the...
SFGTV: San Francisco Government Television
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Mar 25, 2013
03/13
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to have my taxes raise today do this. it went up a lot. >> thank you. i will be asking about dbi and make sure we are being coordinated on this. next speaker. >> mr. chairman, representative of the committee, i'm with the association of realtors. we support the ordinance and in particular we have been very pleased with the progress we have been making with the city staff and sponsors and authors of this legislation for one amendment that we have requested and that is to require disclosure at the time of sale. we have crafted the amendments submitted them to mr. leaney and he's committed to work with us and craft that legislation and insert it in the appropriate time as soon as possible. this will help facilitate the intent and direction of the ordinance as well as a shorter greater compliance at the time of sales. thank you very much. >> thank you very much. would that be trailing legislation? no. great. thank you, next speaker. >> good afternoon, my name is george -- i'm a native san san francisco, it's the kind of thing
to have my taxes raise today do this. it went up a lot. >> thank you. i will be asking about dbi and make sure we are being coordinated on this. next speaker. >> mr. chairman, representative of the committee, i'm with the association of realtors. we support the ordinance and in particular we have been very pleased with the progress we have been making with the city staff and sponsors and authors of this legislation for one amendment that we have requested and that is to require...
SFGTV: San Francisco Government Television
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Mar 21, 2013
03/13
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the taxes that the motorists would have been paying without the tax swap and the board of equalization approval. in fact, in many ways, the board of equalization approval is almost ministerial in effect and nobody knows what would happen if they had would rejected it. that has happened and the money generates 3.5 percent and the tax is an additional 3.5 cents per gallon which is 500 million a year and it is dedicated to local streets and roads and to the state, preservation program. additionally cap and trade continues to be a focus in the capitol. the cap and trade second round of options was conducted in february, and generated a goes total between the stationary source and utilities of about close to a quarter of a billion dollars and more than a quarter billion of dollars. the funds generated are returned to rate payers as rebates in the bills. and the funds derived from the stationary sources are the subject to an ongoing car. we will have a duty to come back in april with a proposed investment plan. there is a bit of a disconnect, the governor had presumed a billion dollars annua
the taxes that the motorists would have been paying without the tax swap and the board of equalization approval. in fact, in many ways, the board of equalization approval is almost ministerial in effect and nobody knows what would happen if they had would rejected it. that has happened and the money generates 3.5 percent and the tax is an additional 3.5 cents per gallon which is 500 million a year and it is dedicated to local streets and roads and to the state, preservation program....
SFGTV: San Francisco Government Television
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Mar 21, 2013
03/13
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tax revenue we'll talk about further in the next segment of this presentation. so, when you basically take that math equation, there is a remaining shortfall of $2.6 million, that's not to say that's all we need to fund raise. i want to be clear about that. i think we are clear from the acoc they are continuing to go out and seek further pledges to continue to endeavor towards the 32 million. what i'm pointing out here is we want to be very clear with everyone, donors as well as people in the city hall here about what those benefits were to the city and this projection is not meant to make the case that $13 million is bankable, but instead to show how we would calculate what that benefit is going forward. and we intend to do additional visitor counts and surveys to try to give everyone from the controller's office to the board of supervisors to the budget analyst's office of what was delivered. that is a theme we've heard throughout the hearings today is we are delivering on the promises and letting people know what actually happened. i'd like that to be the fra
tax revenue we'll talk about further in the next segment of this presentation. so, when you basically take that math equation, there is a remaining shortfall of $2.6 million, that's not to say that's all we need to fund raise. i want to be clear about that. i think we are clear from the acoc they are continuing to go out and seek further pledges to continue to endeavor towards the 32 million. what i'm pointing out here is we want to be very clear with everyone, donors as well as people in the...
SFGTV: San Francisco Government Television
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Mar 24, 2013
03/13
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you walk the tax line because makes the tax shined you walk the line >> thank you, mr. paulson. (applause) >> if there are any other members of the public who wish to comment on item number 1, seeing none, public comment is closed. colleagues, do we have any discussion? can we have a motion to approve item number 1 to send it to the full board with recommendation? and we can do that without opposition. mr. clerk, can you please call item number 2? >> item number 2, resolution authorizing the sheriff's department to retroactively accept and expend $599,894 in funds from the u.s. department of justice, office of justice programs, through the second chance act reentry program for adult offenders with co-occurring substance abuse and mental health disorders, for the keys to freedom program to increase public safety, and reduce recidivism among incarcerated and recently released women and transgendered adults in the city and county of san francisco; and waiving any indirect costs for the period of october 1, 2012, through september 30, 2014. >> thank you. and we have coner j
you walk the tax line because makes the tax shined you walk the line >> thank you, mr. paulson. (applause) >> if there are any other members of the public who wish to comment on item number 1, seeing none, public comment is closed. colleagues, do we have any discussion? can we have a motion to approve item number 1 to send it to the full board with recommendation? and we can do that without opposition. mr. clerk, can you please call item number 2? >> item number 2, resolution...
SFGTV: San Francisco Government Television
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Mar 23, 2013
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their property taxes by 2 or 300 percent. i don't feel that many of us can withstand all the expense and i think a lot of this we'll have to give up our properties. we will buy something somewhere else. i don't know how that will impact the economic situation in san francisco, but we just can't do it. we are still paying the same maintenance, city tax on water and garbage and although our buildings are worth more until we die. >> thank you very much, next speaker. >> supervisors, thank you very much. i'm a private consulting structural engineer in san francisco. i'm here to speak in behalf on the cap ordinance and seismic safety program being proposed. i commend the supervisors and mayor who have propose td program. i think it is vital as a past member and president of the san francisco commission, i know how hard it was to get this program started, implemented and going. i'm fully in support of this. i hope i speak for the rest of my peers in the engineering community. this is vital and should be pass as soon as possible. we
their property taxes by 2 or 300 percent. i don't feel that many of us can withstand all the expense and i think a lot of this we'll have to give up our properties. we will buy something somewhere else. i don't know how that will impact the economic situation in san francisco, but we just can't do it. we are still paying the same maintenance, city tax on water and garbage and although our buildings are worth more until we die. >> thank you very much, next speaker. >> supervisors,...
SFGTV: San Francisco Government Television
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Mar 19, 2013
03/13
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those small employers can receive a tax credit equal to 50% of the cost of providing health insurance. and they can get that through the exchange. and so it's an opportunity for small employer, even though they are not required to take any action under the affordable care act, if they are interested in doing so, allowing them to do. so because it's clearly the understanding of the federal government and the state that one of the reasons that small employers have been unable to provide health insurance is because affordability and the tax credit makes it more affordable for those employees to offer health insurance that really on par with what a large employer might be able to offer their employee. so that is in a nutshell the key components of the affordable care act. let me first say before delving into some of the questions, there are still a number of unanswered questions around the intersection between the two. the mayor's office, along with the office of small business, department of public health, the office of labor standards and enforcement, has started meetings with city atto
those small employers can receive a tax credit equal to 50% of the cost of providing health insurance. and they can get that through the exchange. and so it's an opportunity for small employer, even though they are not required to take any action under the affordable care act, if they are interested in doing so, allowing them to do. so because it's clearly the understanding of the federal government and the state that one of the reasons that small employers have been unable to provide health...
SFGTV: San Francisco Government Television
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Mar 24, 2013
03/13
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now they are so when the politician used to run this city when us we pay every penny to the city in tax and you know our apartments expense active. i can't even have coffee in my car. the government is telling me so for me i'm on my way to hawaii in january january i'm not going to be -- i can't raise my son in this city. for you guys maybe yes. it can be a very good city. for us it's over if this continues. applause. so i'm on my way to paradise thank you very much. >> thank you, sir next speaker please? >> hi my name is brad -- i'm a driver and dispatcher i've seen for a long time i understand their appears to be a demand for more taxis i think the market maybe instead ly growing we've got new businesses coming in i understand that but what i ask you to do to stop us all from bleeding to death. maybe one or 2 hundred medallions at a time 500 could be a blow to our gut. if we're all going to be making less than minimum wage what kind of people are you going to have driving the taxis i don't think it's going to serve the city. that's a win-win the city will win the drivers will be a muc
now they are so when the politician used to run this city when us we pay every penny to the city in tax and you know our apartments expense active. i can't even have coffee in my car. the government is telling me so for me i'm on my way to hawaii in january january i'm not going to be -- i can't raise my son in this city. for you guys maybe yes. it can be a very good city. for us it's over if this continues. applause. so i'm on my way to paradise thank you very much. >> thank you, sir...
SFGTV: San Francisco Government Television
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Mar 22, 2013
03/13
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of communists and terrorists corruption and -- >> excuse me: >> the current situation calls for new taxes and medallion demand and supply created this business. the evolvement -- san francisco minimum wage and inexperienced drivers are hurting the cities respect ability the city as lost the america's can cup share of the anticipated refer revenue. there is an event tonight. the airport and streets are not able to afford and maintain a lot of what government and employees want for the city the investment isn't there the milking is tell your constituents to pay for the luxuries taxi cabs are a luxury as evidence by demand. if everyone made as much as 10 years ago the story would be very different. the real pig here is real estate that most people cannot afford. the oldest bakery in paris -- now they are no longer open. keep the city respectable and the gem that it is and magnificent applause. >> thank you. my name is mic -- you have spoken already? >> yes. >> the rules of the city of san francisco thank you very much. next speaker please come forward? >> my name is stewart -- i am a driver
of communists and terrorists corruption and -- >> excuse me: >> the current situation calls for new taxes and medallion demand and supply created this business. the evolvement -- san francisco minimum wage and inexperienced drivers are hurting the cities respect ability the city as lost the america's can cup share of the anticipated refer revenue. there is an event tonight. the airport and streets are not able to afford and maintain a lot of what government and employees want for...
SFGTV: San Francisco Government Television
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Mar 21, 2013
03/13
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and one last thing there was a mention before about property taxes and resasment. can you comment on that? this work because it's seismic workman dated bylaw is not subject to reassessment. they tend to put work in the permit. you might be doing a seismic upgrade and doing kitchen remodels and those types of work. one of the things important to us, not simplifying by the process and to help the tenant community because we heard their cost where they add on work. so there is language in our ordinance that actually says the work under the scope of the permit cannot include some of the ancillary work. shiite it should be very clear. >> thank you very much. >> any additional questions or comments? supervisor kim? >> i do just want to acknowledge as supervisor wiener and president chu did on all the work that was put into this legislation. i know several years of work and i do remember when we were campaigning in 2010 it was often a topic of debate. so i think it's really important that this is finally moving through. i have tremendous concern as many of public on many
and one last thing there was a mention before about property taxes and resasment. can you comment on that? this work because it's seismic workman dated bylaw is not subject to reassessment. they tend to put work in the permit. you might be doing a seismic upgrade and doing kitchen remodels and those types of work. one of the things important to us, not simplifying by the process and to help the tenant community because we heard their cost where they add on work. so there is language in our...
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Mar 22, 2013
03/13
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maloney and i own a business in san francisco and i am all for businesss in san francisco and creates tax revenue and gives people employment and the concept is reliance on the off sales as far as i understand, they are very, very nice people. they are starting a small family, they have a small family, and i think that i am 100 percent behind it. thank you. >> thank you. is there any other member of the public that would like to speak? if so, please come on up. mr. paulson it is good to see you i have not seen you in a while. >> good to see you supervisor campos. >> i see you in the newspaper. >> i can see polk street looking fast in its faded jeans and i hope that you keep the city really green. ♪ sun down you better take care ♪ if i find you's been creeping down polk street back stairs ♪ sometimes i think that it is a shame, and polk street is gone through so many achange ♪ >> music picture a bar ♪a verm uth they can make ♪and i hope that it turns out really, really liquor license great ♪ sun down, you better take care ♪and i find you you've been creeping around the polk
maloney and i own a business in san francisco and i am all for businesss in san francisco and creates tax revenue and gives people employment and the concept is reliance on the off sales as far as i understand, they are very, very nice people. they are starting a small family, they have a small family, and i think that i am 100 percent behind it. thank you. >> thank you. is there any other member of the public that would like to speak? if so, please come on up. mr. paulson it is good to...